DSNews – BY: Colin Robins, March 27, 2014 The Office of the Comptroller of the Currency (OCC) released a new report Thursday, highlighting the performance of first-lien mortgages serviced by large national and federal banks continued to improve in the fourth quarter of 2013. The OCC Mortgage Metrics Report for the Fourth Quarter of 2013 found 91.8 percent […]
Category: Mortgage
Delinquency Rates Drop to Lowest Since 2008
DSNews – By: Colin Robins, February 21, 2014 The Mortgage Bankers Association (MBA) released its National Delinquency Survey Thursday, reporting the seasonally adjusted rate for delinquent mortgages is 6.39 percent, the lowest level since 2008. The figure represents mortgage loans for 1 to 4 unit residential properties, and takes into account all loans outstanding at the […]
Freddie Mac: Short Sales More Attainable Than Homeowners Think
DSNews – BY: Krista Franks Brock, 1/13/2014 When a homeowner is unable to make their mortgage payments or owes more on the home than it’s worth, a short sale can be a viable option that avoids the negative implications of a foreclosure for both the homeowner and the mortgage-holder. However, common perceptions […]
Regulator Reports Improving Loan Performance for 4th Straight Quarter
DSNews, BY: Carrie Bay, 1/07/2014 The performance of first-lien mortgages serviced by large national and federal savings banks continued to improve in the third quarter of 2013, reports the Office of the Comptroller of the Currency (OCC). It marked the fourth consecutive quarter the agency has recorded greater loan performance among regulated entities. The regulator’s latest report […]
Report: Homeownership on Path to Sustainability
DSNews BY: Tori Barrington 10/4/2013 As most housing metrics turned around last year, one vital statistic stayed down: the homeownership rate. However, one analyst at Fannie Mae says that low homeownership—when put in context with other data—might indicate a promising trend in sustainability. According to recently published data from the Census Bureau’s American Community Survey (ACS), the […]
HUD Defines Two Types of Qualified Mortgages
DSNews: By: Howard Goldthwaite 12/13/13 HUD has issued a newly revised definition for Qualified Mortgage (QM) which will affect all Federal Housing Administration (FHA) loans moving forward. The new rule goes into effect January 10, 2014, and will apply to mortgages that are insured, guaranteed, or administered through HUD. http://tinyurl.com/mvl34jg
